Quarterly Report - Wacker Chemie AG


Quarterly Report

2nd quarter 2013

  • Group Sales for Q2 2013 come in at €1.15 Billion, 7 Percent above Q1 2013 and 6 Percent below the Prior-Year Period
  • Second-Quarter EBITDA reaches €188 Million, 14 Percent higher than in the preceding Quarter, but 22 Percent down from a Year ago due to Price Declines
  • Net Income for Q2 2013 amounts to €15 Million
  • Sales in Chemicals 2 Percent above Q2 2012 amid stronger Sales Volumes, with EBITDA 4 Percent higher than a Year ago
  • Polysilicon Business posts markedly lower Sales and Earning Year on Year due to lower Prices
  • Full-Year 2013 Forecast specified: Group Sales expected to come in at approximately €4.5 Billion, with EBITDA declining Year on Year due to lower Prices for Polysilicon and Semiconductor Wafers


in € million
Q2 2013 Q2 2012* Change in % 6 M
2013
6M
2012*
Change
in %
Sales 1,150.3 1,222.5 -5.9 2,226.6 2,416.8 -7.9
EBITDA (1) 188.2 242.1 -22.3 352.7 455.4 -22.6
EBITDA margin (2) 16.4% 19.8% - 15.8% 18.8% -
EBIT (3) 52.5 111.9 -53.1 84.7 195.8 -56.7
EBIT margin (2) 4.6% 9.2% - 3.8% 8.1% -
Financial result -21.1 -14.9 41.6 -35.7 -28.1 27.0
Income before taxes 31.4 97.0 -67.6 49.0 167.7 -70.8
Net income for the period 15.1 61.6 -75.3 20.2 102.9 -80.4
Earnings per
share in €
0.27 1.19 -77.3 0.36 2.07 -82.6
Investment (incl. financial assets) 131.3 244.9 -46.4 252.5 431.0 -41.4
Net cash flow(4) 65.1 -156.9 n.a. 26.1 -204,5 n.a.

in € million
June 30,
2013
June 30,
2012*
Dec 31,
2012*
Equity 2,196.0 2,214.9 2,121.3
Financial liabilities 1,468.0 1,114.0 1,197.2
Net financial liabilities/
receivables (5)
-820.0 -316.0 -700.5
Total assets 6,633.4 6,604,9 6,492.8
Employees
(number at end of period)
16,203 16,759 16,292
(1) EBITDA is EBIT before depreciation and amortization.
(2) Margins are calculated based on sales.
(3) EBIT is the result from continuing operations for the period before interest and other financial results, and income taxes.
(4) Sum of cash flow from operating activities (excluding changes in advanced payments received) and cash flow from noncurrent investment activities (before securities), including additions due to finance leases.
(5) Sum of cash and cash equivalents, noncurrent and current securities, and noncurrent and current financial liabilities.
* Adjusted based on the effects of the adaption of IAS 19 (revised), see Changes in Accounting and Valuation Methods in the Notes section of the Quarterly Report.

Note

This website contains forward looking statements based on assumptions and estimates of WACKER's Executive Board. Although we assume the expectations in these forward looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward looking statements. Factors that may cause such discrepancies include, among other things, changes in the economic and business environment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services, and changes in corporate strategy. WACKER does not plan to update the forward looking statements, nor does it assume the obligation to do so.